The Law Offices of Lauren E. Jackson

We are a law practice exclusively dedicated to property related legal services. We limit our practice to: residential & commercial real estate transactions, estate planning, personal wills, estate trusts, corporate entity formation, business succession plans, estate distribution, and probate. We stand behind our integrity to provide high quality, personable and affordable legal services. We offer two convenient locations for our clients located in downtown St. Charles & the City of Elgin.

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Latest from The Law Offices of Lauren E. Jackson

A popular question that I answer a lot for my estate planning clients is what is the Medicaid look-back period for assets?  When clients realize they might be eligible for Medicaid, they start their estate planning with that in mind.  However, the timing of everything for Medicaid planning is of the utmost importance.  Most people do know of the two federal programs, Medicare and Medicaid.  A quick refresher: Medicare is a federal health insurance program…
One question that I continually hear from clients, friends, and family is what type of life insurance should I get?  First off, let’s acknowledge that I am not an insurance salesperson and I do not and have never sold insurance.  The following information is based upon my own experience with life insurance and the decisions I have made for myself and my family. Term life insurance is a life insurance policy for a set amount…
When I’m talking with my clients about how often to review their estate planning documents, I always recommend they review all financial accounts; how they are titled and who are the listed beneficiaries.  A good habit to get into is to do an annual review. I personally like to do mine at the beginning of each year, but it really does not matter at what point in the year you do it.  The most…
News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though circumstances are spinning beyond our control, we are not powerless. There are steps we can take to protect ourselves and our families, both physically and financially. First, we can exercise caution in our interactions with others to ensure their health as well as our own,…
Life is good and you believe you have found your forever home.  However, what happens if you signed a contract to purchase that home and you changed your mind?  Is there a way to cancel a real estate contract without being penalized?  When purchasing a house, once both parties (buyer and seller) have signed the real estate contact, a time called the “attorney review period” has begun.  The attorney review period lasts for five business…
Revocable living trusts are the most popular estate planning tool for married couples in my law practice.  They can be extremely useful for incapacity planning, probate avoidance, asset protection, and privacy.  Depending on the married couple’s goals and circumstances, when it comes to revocable trusts an estate plan can include either a joint revocable trust or separate trusts for each spouse.  Both options offer advantages and disadvantages.  Below are a few client scenarios that explore…
If you are a legal gun owner, there are certain steps you must take in order to legally transfer your gun ownership to the person of your choosing.  One common way to accomplish this is by setting up a gun trust.  A properly organized Gun Trust is an entity that will hold the title to all of your guns.  In this trust, you can name multiple trustees who will have the right to possess and…
Marriage is among the life-changing events that should cause one to review, or establish, one’s estate plan.  Unfortunately, newlyweds do not make their way into my office very often.  I understand how happy of time it is, but this is also a major life change where establishing a written estate plan may be very necessary. Helping couples manage and protect their assets is a task I truly enjoy.  It provides the client with peace…
When completing your estate plan, transferring the ownership of your real estate to a trust gives you a lot of benefits when it comes to ease of transfer for your family.  However, there are a few disadvantages you should consider. Illinois has the second-highest property taxes in the nation.  If you are 65 or older there are two exemptions that you can apply for:  the Senior Citizen Homestead Exemption and the Senior Citizen Assessment…
A deed for real estate is a legal document that transfers ownership of real estate from one owner to another.  When buying and selling real estate, in the state of Illinois, there are several different types of deeds that are used.  If you are selling or buying real estate it is imperative that the correct deed is used in your particular situation because the last thing you want is a costly legal battle over a…